GOLD TRADING SCENARIO ON MAY 16, 2024:
Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2283, then Buy Gold immediately. TP hopes to reach 2398, which is further than 2413, but there is a condition that requires at 6:00 p.m. Gold closes above 2388, and vice versa. Gold closes below 2388, then exit Buy and move. Sell direction to 2363. Sell orders at this time can be held until 20:00. Gold breaks through 2377, then continue to hold into the American session. If not, exit the Sell order and switch to Buy. Gold exits at 2377, then Sell always hold the order into the American session until the destination is 2352 , beyond 2333 .
Strategy 2. From now until 11-12 a.m. when gold goes back up to 2398, Sell Gold will always reach 2363. The condition is that at 6 p.m., when gold closes below 2383, keep the Sell order and if it closes above 2383, take the opportunity to exit the Sell order and switch to Buy Gold at the price. The target is 2395 - the further TP is 2413 and at 8pm Gold is still not over 2393, then Sell Gold immediately and still break 2393 then keep the Buy order in the US session - TP 2406, further than 2418.
Strategy 3. From 2:00 p.m. to 3:00 p.m., gold runs in the sideway 2382 - 2392, confirming to close above 2382, then Buy Gold to the target price of 2398. The condition is that at 8:20 p.m., if it breaks through 2388, hold the Buy order into the American session. At 2:00 p.m. - 15:00 p.m., if confirmed to close below 2393, Sell will always hold until 2376. If Gold confirms before 8:20 p.m. below, the order will still be kept in the US session.
NOTE: The analyzed price range may change slightly during price fluctuations, MN can be flexible. THIS IS A PERSONAL COMMENTARY THAT DOES NOT RECOMMEND INVESTMENT.
Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2283, then Buy Gold immediately. TP hopes to reach 2398, which is further than 2413, but there is a condition that requires at 6:00 p.m. Gold closes above 2388, and vice versa. Gold closes below 2388, then exit Buy and move. Sell direction to 2363. Sell orders at this time can be held until 20:00. Gold breaks through 2377, then continue to hold into the American session. If not, exit the Sell order and switch to Buy. Gold exits at 2377, then Sell always hold the order into the American session until the destination is 2352 , beyond 2333 .
Strategy 2. From now until 11-12 a.m. when gold goes back up to 2398, Sell Gold will always reach 2363. The condition is that at 6 p.m., when gold closes below 2383, keep the Sell order and if it closes above 2383, take the opportunity to exit the Sell order and switch to Buy Gold at the price. The target is 2395 - the further TP is 2413 and at 8pm Gold is still not over 2393, then Sell Gold immediately and still break 2393 then keep the Buy order in the US session - TP 2406, further than 2418.
Strategy 3. From 2:00 p.m. to 3:00 p.m., gold runs in the sideway 2382 - 2392, confirming to close above 2382, then Buy Gold to the target price of 2398. The condition is that at 8:20 p.m., if it breaks through 2388, hold the Buy order into the American session. At 2:00 p.m. - 15:00 p.m., if confirmed to close below 2393, Sell will always hold until 2376. If Gold confirms before 8:20 p.m. below, the order will still be kept in the US session.
NOTE: The analyzed price range may change slightly during price fluctuations, MN can be flexible. THIS IS A PERSONAL COMMENTARY THAT DOES NOT RECOMMEND INVESTMENT.
